Geared toward small-business owners, but a worthwhile overview of coming legislation for the general public as well. I tackle health care, taxes, and credit cards: Health care: Still on the critical list Last year: The cost of providing health insurance … Continue reading
The short answer: Only if your business is netting more than a quarter-mil a year. Which pretty much rules out any American businesses this year. Joe the Plumber must be pleased: President-elect Barack Obama has recently hinted he’ll delay his … Continue reading
Barack Obama hasn’t talked much about tax policy since his run-in with Joe the Plumber, but one of his biggest challenges will be fixing a system where the tax burden is increasingly skewed toward the little guy: Barack Obama, it’s … Continue reading
Crain’s New York Business jumped into the Obama news fest today with an article on what his presidency will mean for us, New York City. Notwithstanding the balance-for-balance’s-sake subhead (“Barack Obama’s urban-centric policies will be a help to the New York area, but his tax plan could more than offset the potential benefit from some of his other policies”), the article by Erik Engquist actually lays out the counterarguments to the conservative “if you take a walk, he’ll tax your feet” argument:
E.J. McMahon, a senior fellow at the conservative Manhattan Institute, calculates that over two years, the Obama tax cuts would be worth $13 billion to some state residents but increases would cost others $16 billion.
Congressman Dennis Kucinich finally got New York City and Yankees officials to testify before his subcommittee investigating the Yanks’ stadium deal today, and I liveblogged the proceedings. Relive the excitement now! 9:01 am: An hour to go, and Seth Pinsky’s … Continue reading
The “Geoffrey Loophole” is not only a way that big corporations get out of paying taxes that their small-business competitors have to, it’s also the only tax dodge named after a cartoon giraffe: When the Massachusetts passed its much-delayed state … Continue reading
New York City is facing the prospect of bus and subway fare hikes again, but could there be another way to do this? As if New Yorkers hadn’t been beset by enough bad news of late — foreclosures going through … Continue reading
In which I examine the business tax breaks in the final version of the economic stimulus bill signed by President Bush, and whether they’ll actually, you know, help stimulate the economy: The economic stimulus bill signed into law by President … Continue reading
If you’ve been dying to know what Congress’ economic stimulus package means for your Section 179 deductions, your prayers have been answered: The Senate version of an economic stimulus bill, which could come to a vote this week, contains several … Continue reading